Glenmede Trust Co. NA Buys 25,546 Shares of KBR, Inc. $KBR

Glenmede Trust Co. NA lifted its position in KBR, Inc. (NYSE:KBR) by 363.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,573 shares of the construction company’s stock after purchasing an additional 25,546 shares during the quarter. Glenmede Trust Co. NA’s holdings in KBR were worth $1,201,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of KBR. Edgestream Partners L.P. boosted its stake in KBR by 312.9% in the first quarter. Edgestream Partners L.P. now owns 112,321 shares of the construction company’s stock worth $4,140,000 after buying an additional 85,120 shares in the last quarter. Amundi raised its stake in shares of KBR by 629.1% during the first quarter. Amundi now owns 129,524 shares of the construction company’s stock worth $4,774,000 after acquiring an additional 111,760 shares in the last quarter. California State Teachers Retirement System lifted its holdings in shares of KBR by 22.2% in the 1st quarter. California State Teachers Retirement System now owns 149,698 shares of the construction company’s stock worth $5,518,000 after acquiring an additional 27,191 shares during the last quarter. Rokos Capital Management LLP purchased a new stake in shares of KBR in the 1st quarter valued at $2,576,000. Finally, Empowered Funds LLC boosted its stake in shares of KBR by 1,031.8% in the 1st quarter. Empowered Funds LLC now owns 61,682 shares of the construction company’s stock valued at $2,274,000 after purchasing an additional 56,232 shares in the last quarter. 97.02% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Jack B. Moore acquired 4,000 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was acquired at an average cost of $31.44 per share, for a total transaction of $125,760.00. Following the acquisition, the director owned 54,352 shares of the company’s stock, valued at $1,708,826.88. This trade represents a 7.94% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Thaer Lewis Von purchased 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was bought at an average cost of $30.77 per share, with a total value of $92,310.00. Following the completion of the purchase, the director owned 10,358 shares of the company’s stock, valued at $318,715.66. This represents a 40.77% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders purchased 29,875 shares of company stock worth $945,160. Insiders own 1.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on KBR shares. Zacks Research upgraded shares of KBR from a “strong sell” rating to a “hold” rating in a research report on Friday, April 10th. Wall Street Zen upgraded shares of KBR from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Weiss Ratings reiterated a “sell (d+)” rating on shares of KBR in a report on Wednesday, June 24th. Citigroup lowered their target price on KBR from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Finally, UBS Group dropped their target price on KBR from $42.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, May 21st. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, KBR presently has an average rating of “Hold” and a consensus price target of $45.83.

KBR Price Performance

Shares of KBR stock opened at $37.60 on Friday. The firm has a market cap of $4.74 billion, a PE ratio of 11.32, a price-to-earnings-growth ratio of 1.95 and a beta of 0.44. The company’s fifty day simple moving average is $35.36 and its two-hundred day simple moving average is $37.18. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.52. KBR, Inc. has a 12-month low of $29.94 and a 12-month high of $52.23.

KBR (NYSE:KBR) last posted its earnings results on Thursday, July 30th. The construction company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.09. KBR had a net margin of 5.49% and a return on equity of 32.55%. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the business posted $0.91 earnings per share. KBR’s revenue for the quarter was up 1.6% on a year-over-year basis. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. As a group, equities analysts expect that KBR, Inc. will post 4.03 EPS for the current year.

KBR Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Monday, June 15th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Monday, June 15th. KBR’s dividend payout ratio is currently 19.88%.

KBR Profile

KBR, Inc is a global engineering, procurement, construction and services (EPC&S) company headquartered in Houston, Texas. The firm delivers integrated solutions and technologies across the full project lifecycle for customers in the energy, government, industrial and infrastructure sectors. Its offerings span feasibility studies, front-end engineering design, detailed design, procurement, fabrication, construction, commissioning and operations support.

The company is organized into business segments that include Energy Solutions, which focuses on oil and gas processing, liquefied natural gas (LNG) facilities and petrochemical plants; Government Solutions, providing logistics, sustainment, training and mission support for defense, intelligence and civilian agencies; and Sustainable Technology, delivering chemical process technologies, water treatment and lower-carbon fuels expertise.